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9mobile Mentors Jos SMEs with Hack Business Master Class

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L-R: Head, HR Business Partnering, 9mobile, Sherriff Popoola; Business Growth Expert, Tricia Olufemi-Olumide; Public Relations Lead, 9mobile, Chineze Amanfo and Head, Brands and Creative Services, 9mobile, Adeola Kayode at The Hack, an entrepreneurship and business mentorship event organised by 9mobile for SMEs held in Jos recently.

9mobile, Nigeria’s Youth-centric telecommunications company recently took its mentorship and business seminar, The Hack to Jos, the Plateau State capital to help thousands of young SME owners and operators grow and promote their businesses. The two-day event which featured a business seminar and products exhibition was held at Mees Palace Event Center, Rayfield Resort Road, Jos.

Opening the session was 9mobile’s Head of Brands and Creative Services, Adeola Kayode, who said business is the driving force of any economy and involves turning problems into opportunities to make a profit. He said that at the end of the Hack seminar, the entrepreneurs would be better positioned to expand their businesses and overcome their current challenges.

“We are here to share knowledge and insights with you on how to grow your business and the kind of opportunities that are available to enable you to excel. We have experts to discuss and share knowledge of the challenges faced by SMEs with the view to providing solutions. There will also be a product exhibition by some of the participants”, he said.

Kayode further explained that the Hack which has been to eight cities across Nigeria, was aimed at boosting the business acumen of SMEs. He pointed out that one of the main challenges faced by SMEs is the lack of access to finance and markets, adding that there is a need to show SMEs a framework on what they should do to maximise opportunities and partnerships when they are available.

“Access to Finance and Market is very key for SME operators. Vendors in Jos can have their biggest markets in other cities like Lagos, Port Harcourt, or outside Nigeria. Access to partnerships and collaboration is also very important. Some of the challenges small and growing businesses face can be resolved by other vendors through partnerships and collaborations “, he said.

Business Coach and Marketing Strategist (TriciaBiz), Tricia Olufemi Olumide shared business ideas with the participants on the best way Small and Medium Enterprises (SMEs) can grow and promote their products and services in their various locations in the state.

Speaking on the topic “Growing Business by Leveraging Online Sales Channels”, the Marketing expert further explained the need for operators of Small and growing businesses to leverage the various opportunities of online platforms like Facebook, WhatsApp, and Instagram beyond selling their products directly to their customers.

The event featured a presentation by Oluwasegun Daodu, Manager, SME Marketing who said 9mobile is helping SMEs to expand their businesses noting that the present crop of young entrepreneurs is the future of Nigeria’s economy.

Also speaking on “Resourcing for Small Businesses, the Role of People in SMEs Growth, the Head, of Human Resources at 9mobile, Sherriff Popoola said the biggest companies today started as SMEs.

According to him, customers are the key element that makes businesses grow, adding that people who want to operate SMEs must understand what they set out to achieve.

The Hack seeks to create a platform to support and promote entrepreneurs in the SME space. It is a business and networking mentorship program facilitated by business experts who share business ideas with participants and groom them to scale their businesses.

The Hack aims to solve specific challenges that entrepreneurs face, with a broad focus on the limitless possibilities in the SME sector.

Transparency Shall Be Our Bedrock in Telecom Regulation – Maida

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The Executive Vice Chairman of the Nigerian Communications Commission (NCC), Dr. Aminu Maida, has pledged that transparency will form the bedrock of his leadership as Nigeria’s chief telecom regulator as this will enable a solid foundation in building a resilient, accountable and efficient institution.

Maida spoke during a courtesy visit to the Hon. Minister of Communications, Innovation, and Digital Economy, Dr. Bosun Tijani in Abuja recently while briefing the minister on his activities, vision, and strategy since the assumption office in October 2023.

“Transparency is key. It is by transparency that we can self-regulate even as regulators. And by so doing, we would be putting ourselves on our toes, which in the long run will drive the Commission forward to achieve our goals of operational excellence,” Maida stated.

He commended the minister for leading by example in transparency in his leadership style.

“Honourable Minister, sir, one of the principles you have shown as a leader is transparency in all your activities and I must say that it is an attribute that has the potential to bring about a transformed industry that is accountable to both the people and the industry players,” he said.

The NCC boss conveyed his appreciation, through the Minister, to President Bola Ahmed Tinubu for finding him worthy of the responsibility to lead a critical sector of the economy.

The EVC told the Minister that the visit is a crucial one which gave him the opportunity to share with the minister, his vision and priorities for the Commission. Maida also said that these priorities were in tandem with delivering on the 5-Pillars of the Strategic Plan unveiled by the Minister.

“I have been on this seat for about six weeks, and it has afforded me the privilege of a bird’s eye view to understand things better, and identify areas that we urgently need to work on. We are currently carrying out an in-depth study and critical review of issues within the industry. One of the areas we are placing priority on is Quality of Experience,” Maida told the Minister.

“At my meeting with industry leaders, we were unambiguous that quality of experience (QoE) will not be negotiable. The Commission will take compliance in this regard seriously, and a standard of what is least acceptable will be set,” the NCC CEO stated.

Maida told the Minister that another priority area for him is broadband connectivity, which he considers as the biggest enabler of the digital economy and financial inclusion. He noted that these align with the 5-pillar agenda of the Ministry.

The NCC CEO also reflected on the need to maximise the potentials of innovations in some technological evolutions such as the 5G revolution in order to create more opportunities within the industry and further boost connectivity.

He informed the Minister that a review of internal processes at the Commission is ongoing to engender efficiency and responsiveness of the Commission, including the digitisation of most of our operations.

“Under my leadership, the Commission will give priorities to the improvement of our regulatory activities. With this, we hope to see more investors come into the telecommunications industry in Nigeria, with the attendant creation of vertical businesses and increased Foreign Direct Investments, revenue generation, and employment”, Maida stated.

The EVC also said that “In all these, the goal is for the Commission to achieve optimal operational excellence which underpins the success of all other priority areas that we have set in order to achieve a significant all-round growth of the telecommunications industry.”

Maida equally recalled his visit to the Digital Bridge Institute in Lagos, where he met an institution with vast potentials that would be an asset in driving a knowledge-based economy, in line with the “Knowledge Pillar” of the Strategic Plan unveiled by the minister.

“Consequently, we will be prioritising the revamp, retooling, and redirection of the Institute towards extracting its optimum value in line with our objectives,” the EVC said.

Dr. Tijani, who warmly welcomed the NCC boss, acknowledged the importance and relevance of the telecom regulator in achieving the nation’s digital aspiration.

“The NCC is a stellar agency, and you have my respect for the work that you do. There is no future for the country without the NCC. Already, the quality you have is good; what we need to do now is to tap into this quality to bring about greater value for the country,” Tijani said.

“I want to assure you that you have the best partner in me. We will work together to achieve the goals and vision we have set,” the Minister assured the NCC CEO.

 

 

NNPC Says Crude Oil Production, Price Benchmark for 2024 Budget Realistic

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The Nigerian National Petroleum Company Limited has assured that the projections on crude oil production and price benchmark for the 2024 Budget were realistic and realisable.

The Group Chief Executive Officer (GCEO) of the Company, Mr. Mele Kyari, gave the assurance during an interactive session with the Senate Committee on Finance at the National Assembly, Abuja on Wednesday.

Speaking on the dynamics of the market in relation to the projected budget benchmark price of $77.96 per barrel, Kyari said: “With what we see in the market today and potentially in the year 2024 and even beyond the next two years, it is very unlikely to see $70 per barrel oil in the market. The oscillation we are seeing, sometimes you do see prices coming down to $75 to the barrel and sometimes it goes above it, overall, benchmarks are averages. We think that the proposal by Mr. President around the $77.96 is still realisable in 2024.”

On the crude oil production projection, he stated: “The number we have is 1.785mbpd. This is cumulative of all oil produced in the country. This figure is inclusive of all production including crude oil and condensate. I need to make this clarification because of the reports in the media that our OPEC quota is 1.5million barrels per day. The OPEC quota is related only to crude oil. We also do between 250,000 to 300,000 barrels per day of condensate in our production. When you combine the two, the 1.78mbpd is realistic and realisable.”

He expressed optimism that though there were challenges such as security and force majeure, the measures being deployed by the Federal Government would be able to take care of them to guarantee the projected level of production.

The GCEO also assured that NNPC Limited will maintain the level of dividends remittance to the Federation Account as stated in the Medium-Term Expenditure Framework, adding that the projected dividends from the Nigeria Liquefied Natural Gas Limited was also realisable and would be flowed directly into the Federation Account as stipulated by the law.

While answering a question on the Company’s Road Tax Credit Scheme, Kyari explained that all the roads being undertaken under the scheme would be duly completed, adding that the scheme was anchored by the Ministry of Works while the Federal Inland Revenue Service and NNPC Limited were only playing supervisory roles to ensure that value is delivered for every kobo paid.

Speaking earlier, the Chairman of the Senate Committee on Finance, Senator Mohammed Sani Musa, said the purpose of the interactive session was to deepen conversations on the projections in the 2024 Appropriation Bill to help the lawmakers determine what and where to adjust.

He expressed satisfaction with the explanations offered by the NNPC Limited’s helmsman.

AIICO Insurance Marks Six Decades of Excellence in Grand Anniversary Celebration!

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In a recent moment filled with propitiousness, fanfare, and merriment, AIICO Insurance Plc, a leading and frontline player in the underwriting business in Nigeria, commemorated its 60th anniversary.

The event seamlessly brought together management, staff members, ex-staff members, and other stakeholders to reflect on the past journey and toast to the successes and accomplishments of the company over the years.

Addressing the gathering, Mr. Babatunde Fajemirokun, the Managing Director/Chief Executive Officer of the company, attributed the staying power of the company to the continued loyalty of the customers as well as the resilience and relentless spirit of the employees.

Drawing a parallel between Nigeria and the company, both of which came into existence around the same time, Fajemirokun highlighted that both entities have weathered and survived turbulent times, demonstrating growth and resilience.

“AIICO, born in the heart of Nigeria, has been a witness and a participant in this nation’s remarkable journey. We’ve grown amidst the oil boom’s promises of the 1970s and adapted during the economic downturns of the 1980s. Our strength was tested during the periods of military rule and the struggle for democracy, yet we emerged stronger, demonstrating the same resilience that defines our nation.”

“In these six decades, AIICO has not only survived but thrived, adapting to changes, overcoming challenges, and seizing opportunities. Our growth mirrors the indomitable spirit of Nigeria – a spirit of perseverance, innovation, and a relentless pursuit of excellence,” he said.

The AIICO Insurance boss urged employees to continue to innovate, serving its community and contributing to Nigeria’s growth.

Highlights of the event included the presentation of awards to recognise and reward top performers in the organisation.

The event came alive with a pulsating performance by celebrity DJ, DJ Neptune, setting the crowd ablaze with infectious energy and beats that resonated throughout the venue, creating an unforgettable atmosphere of pure excitement. Additionally, Akpororo’s comedic brilliance illuminated the night, sparking laughter that reverberated across the event. His captivating performance seamlessly blended humor and wit, ensuring an evening of refined amusement for all attendees.

AIICO Insurance stands as a leading composite insurer in Nigeria with a record of serving customers that dates back six decades. The company provides life and health insurance, general insurance, and investment management services, dedicated to creating and protecting wealth for individuals, families, and corporate customers.

Entrepreneurs, Customers Relive Experience at Polaris Bank Sponsored Fashion Souk

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Polaris Bank, Nigeria’s premier digital retail Bank, showcased its unwavering commitment to supporting MSMEs by taking center stage as the headline sponsor of the recently concluded two-day Fashion Souk in Lagos.

The Fashion Souk, an electric congregation of fashion enthusiasts, witnessed a surge of businesses eager to secure grants through an intense pitch competition. Beyond financial assistance, Polaris Bank emphasized customer satisfaction, ensuring an exciting fashion experience with operational POS machines and seamless transactions via the award-winning VULTe app.

The event’s high point was the business pitch competition, where three outstanding businesses emerged as grant winners from the shortlisted 73 participating firms. The eco-friendly Man ‘n’ Queens from Ibadan secured the grand prize of One Million Naira.  While Hozy Dare Clothing, the first runner-up, celebrated with a grant of Five Hundred Thousand Naira, and Il’ese, the second runner-up, received Two Hundred and Fifty Thousand Naira.

Speaking at the grant presentation, Polaris Bank’s Chief Digital Officer (CDO), said: “These prizes reflect Polaris Bank’s commitment to MSME growth, and we will continue, as a Bank to support and provide opportunities for entrepreneurs and businesses to scale.”

Amidst the runway shows and a raffle draw for shoppers, Ijeoma Okolo, goldsmith and owner of 2groom Handsmade, lauded Polaris Bank for supporting MSMEs’ growth. She showcased her exquisite jewelry line, featuring Nigerian-sourced gemstones.

Another participant, Adegbaye Adewale, Founder of KIJIPA, Nigeria’s leading indigenous Couture, described the Souk as an ‘amazing platform’ for certified fashion entrepreneurs, and commended Polaris Bank as a ‘smart Bank’ for identifying with the fashion sector to grow it.

Polaris Bank’s dedication to business growth and customer satisfaction at the Fashion Souk underscores its commitment to fostering innovation in the MSME sector and driving Nigeria’s economic development which has seen it recognized as Nigeria’s MSME Bank of the Year at last BusinessDay Bank & Other Financial Services Award (BAFI) ceremony which held in November 2023 in Lagos.

As a digital-forward Bank, Polaris continues to lead the way in customer-focused partnerships, reshaping both businesses and communities.

Union Bank Pledges Improved Access to Capital for SMEs

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Union Bank of Nigeria has reiterated its commitment to providing easy access to capital for Small and Medium-sized Enterprises in the country to boost the growth and profitability of the sector.

This assertion was made at the 2023 edition of the ‘Top 100 Fastest Growing SMEs in Nigeria’ conference recently hosted by BusinessDay newspaper.

The event, ‘Accelerating growth for SMEs in an era of uncertainty,’ brought together industry experts, small business owners, policymakers, and other stakeholders in the SME sector to evaluate and spotlight the activities of SMEs in Nigeria.

The well-attended conference included different panel sessions with discussions centered on many issues related to the development of SMEs in Nigeria.

Speaking at the Raising Finance for SMEs panel, Gloria Omereonye, Area Business Executive, Union Bank, shared insights on how SMEs can be supported to access finance.

According to her, “access to timely and adequate capital is a major need for small businesses. Creating hassle-free, seamless, and technologically innovative processes for SMEs to receive loans is a big relief for businesses looking to develop and grow their enterprises quickly. At Union Bank, we are always keen to collaborate and support entrepreneurs looking to scale up their small ventures.”

Union Bank is pleased to continue to associate with the Business Day 100 SME Conference, a platform that seeks to showcase the contributions of small and medium-sized enterprises crucial to developing the Nigerian economy.

About Union Bank Plc:

Established in 1917 and listed on the Nigerian Stock Exchange in 1971, Union Bank of Nigeria Plc. is a household name and one of Nigeria’s long-standing and most respected financial institutions.

The Bank is a trusted and recognisable brand with an extensive network of over 300 branches across Nigeria.

The Bank currently offers a variety of banking services to both individual and corporate clients, including current, savings and deposit account services, funds transfer, foreign currency domiciliation, loans, overdrafts, equipment leasing and trade finance.

The Bank also offers customers convenient electronic banking channels and products, including Online Banking, Mobile Banking, Debit Cards, ATMs, and POS Systems.

Indigenous Software Will Create Jobs, Drive Economic Growth – Experts

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L-R: Bimbo Abioye, President, ISPON, Hajia Thaibat Adeniran, CEO, Hilal Takaful Nigeria Limited and Dr. Agada Apochi, GMD, Unified Payments (UP) at the recent Digital Agenda Forum 2023 in Lagos.

Technology and innovation enthusiasts and experts have again reiterated that promotion of indigenous software will redeem the country as it struggles to turn its economic fortune around. Speaking during the recent Digital Agenda Forum 2023 in Lagos eminent personalities in Nigeria’s innovation and technology space made this case in different ways.

Bimbo Abioye, President of ISPON, and Group Managing Director of FinTrak Software in his compelling address titled ‘Understanding The Strategic Role of Software in Emerging Technologies and National Development’ highlighted the crucial significance of embracing indigenous software for fostering national growth and economic stability.

Addressing a diverse audience of distinguished guests, Abioye emphasised the pressing need for Nigeria to pivot towards patronizing indigenous goods and services. He pointed out the detrimental impact of the country’s reliance on foreign products, underscoring the resultant increase in unemployment rates and the stifling of domestic economic growth.

“The ‘Japa’ syndrome continues to exacerbate the issue,” remarked Abioye, urging a shift towards supporting locally developed software as a means to generate employment for the country’s youth. Citing the potential of the software industry to employ millions, he highlighted the disparity between Nigeria and countries like India, where technology firms have propelled significant employment opportunities.

Drawing parallels to India’s success in leveraging software for national growth, Abioye stressed the transformative potential of indigenous software across sectors like healthcare, education, agriculture, and governance. He underscored the need for collaborative efforts among government, industries, and academia to create an environment conducive to the growth of the local software industry.

Joining the discussion, Amos Emmanuel, founder of Innovationbed, spoke on the urgent need for inclusive governance and the bridging of developmental gaps. He highlighted Innovationbed’s role in establishing a tech-driven innovation ecosystem focused on addressing socioeconomic disparities and fostering home-grown innovation in Nigeria.

Innovationbed.Africa emerges is a key initiative driving innovation capacity development among the youth, governments, and institutions, aiming to construct a fairer, sustainable, and inclusive digital society crucial for the development of developing countries.

The program underscores the urgent need for collective action and innovation across eight core economic sectors. It emphasizes the involvement of every individual and innovator to fuel Nigeria’s national development.

In the wake of these discussions, Don Pedro Aganbi, Managing Consultant, TechTV, convener of the Digital Agenda Forum, noted the imperative to embrace indigenous software as a driver of national development becomes increasingly evident.

He argued that the call to action resonates strongly – to support, promote, and invest in home-grown software solutions, heralding a technologically empowered future for Nigeria.

NSIA Insurance Completes Phases1, 2 of Govt Senior College, VI School Project

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As part of its unwavering commitment to corporate responsibility and sustainability, NSIA Insurance completes the first and second phases of its school project in collaboration with Government Senior College, Victoria Island, Lagos.

Some of its project highlights include:

Football Field Development: A state-of-the-art football field has been developed and is now maintained for the benefit of the students at Government Senior College, VI.

Public Address System Donation: Contributing to the enhancement of educational facilities, NSIA has donated a modern public address system to facilitate effective communication within the school.

Educational Support: Acknowledging the importance of academic excellence, NSIA has donated 400 copies of JAMB and WAEC past question booklets to support the students in their educational journey.

The presentation ceremony was graced by key individuals, including Folayemi BALOGUN (Head of Human Capital Management), Amos ALAO (Head of Retail Agency), Chigoziem NKEM-IBEGBULAM (Head of Internal Control), Odunayo DEHINBO (Team Lead, Brand Management), Onyinye OTUOKERE (New Media and Special Projects Executive), Mrs. OYEDELE, Principal of Government Senior College and Prefects from the College.

Mrs. OYEDELE, expressed her joy, stating, “we are very happy about these gifts. It came so timely as the children are about to commence their inter-house sports activities.” A heartfelt thank-you speech was delivered by one of the prefects, who expressed, “Thank you, NSIA Insurance, for supporting us with these items. We are very grateful. It’s an honor to have you all here, and we say, Thank you.”

NSIA is committed to making a lasting impact in society. The school project is just one of the many causes it is dedicated to, and the firm looks forward to building on this foundation in the future.

About NSIA Insurance Limited

NSIA Insurance Limited is a leading composite insurance company driven by integrity, care, innovation, and professionalism. The head office is in Lagos, with a strong regional presence in Abuja and an extensive network in strategic states across the country. NSIA Insurance offers a wide range of insurance services at competitive rates to meet the changing financial, investment, and lifestyle needs of its corporate, commercial, and individual customers.

NSIA Insurance Limited (Nigeria) is part of NSIA Participations, which is currently present in 12 African countries; namely, Benin, Cameroon, Congo, Côte d’Ivoire, Gabon, Ghana, Guinea, Guinea Bissau, Mali, Nigeria, Senegal, and Togo.

NASENI, UNIDO to Partner on Renewable Energy Solutions, Industrial Dev

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Front row left: Representative of Bloomhill Agroservices, Germany, Elizabeth Ogbile; representative of (B) Energy, Germany, Katrin  Puetz; S.A on Strategy to the EVC/CEO of the National Agency for Science and Engineering Infrastructure (NASENI), Mr. Mohammed Mahmoud; team lead, United Nations Industrial Development Organisation (UNIDO) Investment and Technology Promotion Office (ITPO), Germany, Mr. Michael Schmidtz; Representative of the EVC/CEO of NASENI, Coordinating Director, Planning and Business Development, Mrs. Nonyem Onyechi; Coordinating Director, Science Infrastructure, NASENI, Prof Ibrahim Umar Gaya; Director, Finance and Accounts, Mr. Jibril R. Haske; and the Deputy Head, UNIDO Nigeria Office, Mr. Adekunle Olusile after a collaboration meeting between NASENI and UNIDO delegation on Monday, December 11, 2023 in Abuja.

The United Nations Industrial Development Organisation (UNIDO) is seeking the collaboration of National Agency for Science and Engineering Infrastructure (NASENI) to reduce energy poverty in the country via domestication of renewable energy solutions and to fast-track industrial development of the country.

The Deputy Head, UNIDO Nigeria Office, Mr. Adekunle Olusile who led a delegation to visit the Management of NASENI in Abuja, sought amongst others to facilitate German companies and research institutions’ collaborations with the Agency to reduce energy waste and support the present government’s food production agenda.

The Executive Vice Chairman and Chief Executive Officer (EVC/CEO) of NASENI, Mr. Khalil Suleiman Halilu, represented by the Coordinating Director, Planning and Business Development, Mrs. Nonyem Onyechi in company of top management of the Agency received the team, saying that the management appreciated UNIDO’s Office in Nigeria for extending hands of fellowship to NASENI.

Onyechi informed the visitors that NASENI has the mandate of driving Nigeria’s industrial development through technology transfer and domestication, production of capital goods to be ceded to small and medium enterprises (SMEs) and entrepreneurs generally.

In a short presentation on behalf of the Agency, Deputy Director, Engineering Infrastructure, Engr. Emmanuel Ajani, detailed various interventions, programmes and projects of NASENI in the renewable, agricultural and industrial sectors, showcasing to the delegation various technological innovations, products and machineries produced by NASENI.

The UNIDO Investment and Technology Promotion Office (ITPO) Germany Team Lead, Michael Schmidt said the organisation mobilises investments and technologies for sustainable industrial development and supports investors and companies by facilitating technology transfer from Germany to developing countries and economies in transition. Therefore, the visit to NASENI was more like a fact-finding, so that the areas of collaboration between German companies and the Agency could be established, leading to socio-economic development of the country.

He said the delegation was seeking to support President Bola Ahmed Tinubu government’s food production agenda through food processing and food packaging, reduction of energy waste through biogas production and renewable energy solutions such as solar PV, solar batteries, among others.

The Deputy Head, UNIDO Nigeria Office said he had identified several areas of collaboration from NASENI’s presentation, while adding that “Germany is very strong in renewable sector with several of its companies who are important to such partnerships and are seeking to know Nigeria’s plan to grow its solar PV usage before 2030.”

In order to take the conversations forward geared toward action, NASENI and UNIDO thereafter set up a working group or committee to drive the initiatives and also to bring all prospective partners on board.

Some of the German companies represented at the meeting held in Abuja included Bloomhill Agroservices, (B)energy, Wilo Pumps, GEA, EMPO-NI and University Weihenstephan Triesdorf amongst others.

 

 

 

Christmas: Access Bank Unveils Season of Rewards to Excite Customers

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Santa came early for Access Bank customers as the top financial institution unveils exciting rewards and mouth-watering discounts on its products to excite and enhance the joy and spirit of the festive season.

The campaign will reward customers with cash prizes up to N1million, Shopping vouchers, huge discounts and exciting freebies from today till the end of December, 2023.

Speaking at the launch of the campaign, Group Head, Consumer Banking, Njideka Esomeju said:

“The season of giving is here, and it provides us with another opportunity to demonstrate our love and appreciation for our customers for their loyalty and support to the bank. We are using this opportunity to thank our customers for their commitment to Access Bank. We value our customers and non-customers who rely on our services and products to conduct seamless banking activities, and we wish everyone the best of the season. In this month of December, our customers will enjoy Zero Charges when they make electricity and DSTV bill payments on the AccessMore mobile app. We will also be rewarding 100 customers with N10,000 shopping voucher when they perform a minimum of 5 transactions above N1,000 on the AccessMore App. Our card users are not left out of these goodies. They get to enjoy 8% discounts on hotel staycations on bookings.com. For our DiamondXtra customers who save a minimum of N5,000 or more, they stand a chance to win our loyalty reward of N1million while there’s also free digital marketing training for the first 1,000 winners.

That’s not all. Our Xclusiveplus customers are not left out as the bank will reward new customers with Free 20GB data bundles valid until the 15th of December 2023, up to 5% discounts off purchases on Konga and treats at all our in-branch and airport lounges locations nationwide. Our ‘W’ Initiative will also reward women with discounts on driving lessons from FRSC accredited driving schools.

All these are our way of showing appreciation to our customers for the year 2023.”

NCC, NATCOMS Lead Stakeholders @2023 ITREALMS E-Waste Dialogue

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Telecommunications regulator, the Nigerian Communications Commission (NCC) is leading the industry in mopping up support for the 2023 edition of the ITREALMS E-Waste Dialogue scheduled at Welcome Centre Hotels, Mohammed Murtala International Airport Road, Ikeja, Lagos by 9am this Friday.

Even as skillful professionals drawn from National Environmental Standards and Regulations Enforcement Agency (NESREA), National Association of Telecoms Subscribers (NATCOMS), Environmental Health Officers Registration Council of Nigeria (EHORECON) and E-Waste Producer Responsibility Organisation of Nigeria (EPRON), to name a few, have queued up to analyse the theme of the dialogue “You can recycle anything with a plug, battery and cables.”

Revealing these at the weekend, the editor-in-chief, ITREALMS Media group, Mr. Remmy Nweke, said that the ITREALMS E-Waste Dialogue, slated for Friday, December 15, 2023 at Welcome Centre Hotels, Lagos would have the Executive Vice Chairman (EVC) of NCC, Dr. Aminu Maida to deliver a keynote address to the occasion.

Maida’s keynote, he disclosed, would focus on ‘NCC: Recycling plug, battery & cable in telecoms sector.” while NATCOMS National President, Chief Deolu Ogunbanjo would share insight on “The Place of Telecoms Consumers” on the main theme.

Nweke pointed out that the importance of tackling electronic waste in the country cannot be over-emphasised, as with the introduction and deployment of 5G in the country, more devices and appliances are expected to bring out an influx of electronic devices and usage.

Recalling that the Waste from Electrical and Electronic Equipment (WEEE) emanates from the likes of mobile phones, computers, TV-sets, and fridges among other electronic devices have become a set of fastest growing waste streams across the globe, just as small as the plugs, batteries and cables constitute e-waste.

Nweke also noted that the newly appointed Executive Vice Chairman/Chief Executive Officer, NCC, Dr. Aminu Maida was appointed by President Bola Tinubu, on Wednesday, October 11, 2023 and holds an MEng in Information Systems Engineering from Imperial College, London in 2002, and in 2006, he bagged a PhD in Electrical & Electronic Engineering from the University of Bath, United Kingdom.

In between 2018 and 2019, Maida completed a Post Graduate Diploma in Entrepreneurship (FinTech Pathway) programme at the Cambridge Judge Business School, University of Cambridge, United Kingdom.

And until his latest appointment by the President, Dr. Maida was the Executive Director, Technology and operations at Nigeria Inter-Bank Settlement System Plc (NIBSS), the country’s central switch company owned by the Central Bank of Nigeria (CBN) and all licensed Deposit Money Banks (DMBs) in Nigeria.

At NIBSS, Dr. Maida was responsible for holistically spearheading the technical and operational standardization of all devices deployed in the financial system in Nigeria for interoperability. Maida led a dynamic team that ensured that all terminals used in the e-payment industry and all devices deployed in Nigeria would accept all cards issued by banks and other licensed card schemes without discrimination.

Prior to his appointment at NIBSS, Maida was the Chief Technical Officer (CTO) at the Nigerian-based FinTech Arca Payments Network and Senior Manager at Cisco Systems, United Kingdom.

As a seasoned technical professional with over 15 years of multi-functional and international experience in FinTech; Telecoms; Enterprise Technology, Maida between 2010 and 2014, worked as a Network Design Consultant at EE, part of BT Group, and one of the largest mobile communications companies in the UK.

He was also at some point (2006-2010) a System Engineer at Ubiquisys, a leading company in intelligent 3G and LTE small cells, which is now part of Cisco. Dr. Maida, a professional par excellence with a broad range of experience, making him technically strong and commercially aware, is married with children.

ITREALMS Media, he recalled, in commemoration of the International E-waste Day (IeWD) 2022, has advanced plans to host a day discourse on e-Waste in Nigeria this Friday, December 15 in Lagos.

Maida Excited at Nigeria’s Success at World Radio Communications Conference 2023

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Executive Vice Chairman/ Chief Executive Officer, Nigerian Communications Commission, Dr. Aminu Maida (right) with Director-General, Telecommunications and Digital Government Regulatory Authority, United Arab Emirates, Engineer Majed Sultan Al Mesmar during a bilateral meeting at the on-going International Telecommunication Union (ITU)’s World Radiocommunication Conference 2023 taking place in Dubai. The event started on November 20, 2023 and will end December 15, 2023.

The leadership of the Nigerian Communications Commission (NCC) is excited about Nigeria’s impressive performance at the ongoing International Telecommunications Union (ITU)’s World Radio Communications (WRC) Conference 2023, holding in Dubai, United Arab Emirates, where two Nigerians were elected into leadership positions, while some other delegates from the Commission were elected into Working Groups.

Executive Vice Chairman of the Commission, Dr. Aminu Maida, speaking on the sidelines of WRC 2023 in Dubai,  announced  that the Director of Spectrum Administration at NCC, Engineer Abraham Oshadami, has been elected  Vice Chairman of the ITU’s Radiocommunication Advisory Group (RAG); while the Acting General Manager and Project Manager, Navigation Project Office, Nigerian Communications Satellite Limited, Dr. Lasisi Salami Lawal was elected Vice Chairman of the ITU-R Study Group Four (Satellite Services). Some other members of the NCC delegation were elected into WRC 2023 Working Groups.

While congratulating the successful delegates, Maida commended the Honourable Minister of Communications, Innovation and Digital Economy, Dr. Bosun Tijani, who led Nigeria’s delegation to WRC 2023, for “providing guidance, leadership, encouragement and support to the Nigerian delegation at the conference.”

The WRC Conference brings together the global community to agree on the use of the world’s finite spectrum resources, the electromagnetic waves that provide connectivity for our day-to-day technologies.

Maida expressed delight at the outcome of the elections, stating that roles of the Nigerian elected delegates would enhance Nigeria’s global standing in the telecom space, as well as ensure that the country’s interests and goals are more aptly aligned with global best practices.

“I am excited about the election of two of our colleagues, Engr. Oshadami and Dr. Lawal as Vice Chairs of the Key Study Groups. It is an honour for the Nigerian Communications Commission and the Nigeria Communications Satellite Limited to have produced these two intellectuals as global radiocommunication leaders.

“Their positions will also ensure that our interests and goals aptly align with global best practices, especially as we work towards attaining the target set by the National Broadband Plan,” he said.

He further charged them to live up to the huge expectations that the global radiocommunication community has placed on them by electing them into the roles.

He also reflected deeply on the presence of the Honourable Minister at the event as a major booster for the delegation and a strong indication of the Federal Government’s commitment to the delegation’s participation at the WRC-23.

The NCC boss also used his presence at the event to engage with the leadership of the ITU, as well as other leaders in the global telecom industry.

He held meetings with the Secretary General of the ITU, Mrs. Doreen Borden-Martin, as well as the Secretary General of the African Telecommunications Union (ATU), Mr. John Omo, during which he shared his vision and priorities for the Commission, as well as potential areas of collaboration and increased Nigerian participation in the two unions.

Maida also met with directors at the ITU, including the Director of Telecommunication Development Bureau (BDT), Dr.Cosmas Zavazava; Director of the Radiocommunication Bureau (BR) Mr. Mario Maniewicz and the Director of the Telecommunication Standardisation Bureau (TSB), Mr. Seizo Onoe,

One of the meetings was also with his UAE counterpart – the Director General of the Telecommunications and Digital Government Regulatory Authority (TDRA), H. E. Engineer Majed Sultan Al Mesmar, where they shared their perspectives on effective regulation.

 

Sovereign Trust Insurance Takes Career Counselling to Igbobi College

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L-R Oritselaju Ejuomah, Adeleye AboladeFolusho Opeodu, Chioma Obiedo, Abigael Adeleye and students of Igbobi College Yabaat the last quarter career counselling and catch-them-young programme sponsored by Sovereign Trust Insurance Plc as part of its CSR initiative in creating awareness for insurance among secondary school pupils in Nigeria.

The event was held on December 6, 2023, in the school premises.

 

Sovereign Trust Insurance Plc has taken its Corporate Social Responsibility (CSR) campaign of career counselling to Igbobi College Career Counselling and Catch-Them-Young programme aimed at creating awareness for the young ones with regards to the business of insurance as practiced in Nigeria and beyond.

 

PenCom: Pension Assets Now N18tn as Retirees Reap N3tn Benefits Since 2004

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The National Pension Commission (PenCom) says pension assets under management in Nigeria came to N17.65 trillion as at October 31, 2023 under the new Contributory Pension Scheme (CPS) regime.

Mr. Ehimeme Ohioma, Head, Surveillance Department at PenCom said at the 2023 annual media parley of the Pension Fund Operators Association of Nigeria (PenOp) in Lagos that retirees have equally reaped over N2.7 trillion in terms of benefits to over 1, 268, 440 contributors since the inception of the CPS in 2004. He added that the sum of N13 billion has so far being disbursed to 1, 183 pension contributors under the mortgage support scheme to enable such contributors to either purchase or build their own homes.

In terms of the transfer window, Ohioma stated that a total of 78, 336 Retirement Savings Account (RSA) holders have moved from one Pension Fund Administrator (PFA) to another to the tune of N356 billion in monetary terms.

The pension regulator has also recovered over N248 billion of outstanding pension contributions as at the third quarter of 2023.

Mr. Olumide Oyetan, the President of PenOp commended all stakeholders in the CPS ecosystem for 20 years of doing it right for retirees, operators and the regulator.

Oyetan, who is also the Chief Executive Officer (CEO) of Stanbic IBTC Pension Managers Limited said:

“We need to commend what we have done right since the inception of the CPS in 2004. So far, more than 10 million Nigerians have been covered by the new pension scheme, which funds itself and does not place any burden on the country. The CPS has national safeguards, in-built transparency mechanisms to the extent that no money or pension funds have disappeared into thin air. We should be custodians and guardians of the new pension ecosystem.”

The Nation Newspaper’s Insurance Editor, Omobola, Buries Father in Grand Style

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Mr. Rasaaq Salami (3rd Left), Head of Corporate Communications, National Insurance Commission (NAICOM) and Mrs. Omobola Tolu-Kusimo (4th Left), the Insurance & Pension Editor of The Nation Newspaper during the funeral ceremony of Omobola’s father in Lagos. Others in the photograph were friends and colleagues of the bereaved.

Mrs. Omobola Tolu-Kusimo , the Insurance & Pension Editor of the Nation newspaper recently bid farewell to her father in a grand funeral ceremony in Lagos.